5751 Cornelison Rd, Chattanooga, TN 37411

17,137 SF | 100% Leased | Office Building | Chattanooga, TN 37411 | $1,600,000 ($93/SF) | 8.35% Cap Rate

Asking Price $1,600,000

Property Type: Office
Square Feet: 17,137 SF
Price / Square Foot: $93

Listing Contacts

Casey Keitchen

Verified Profile

Collin BeVier

Verified Profile

Property Info

Property Overview

-Owner/User opportunity
-Minutes from new mixed use and CHI Memorial Stadium
-4.4% office vacancy in Chattanooga
-Recent sale comparables next door of +$127 PSF
-Single story office - in demand product type with lower operating cost compared to multistory product
-Mark to market opportunity - average market rents of $22.25 with in-place rents of $12.17

Property Details

Class: C
Year Built: 1978
Stories: 1
Lot Size (sq. ft): 102,802 SF

Highlights

Low basis play @ $93 PSF
Excellent visibility to over 115k VPD on I-75
100% occupied with below market rents

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